Cincinnati Financial Corporation (CINF) vs CNA Financial Corporation (CNA)

Cincinnati Financial Corporation and CNA Financial Corporation are both Insurance Property & Casualty companies. Cincinnati Financial Corporation is the larger, with a market value of $24.9B against $12.5B — 2.0× the size. Cincinnati Financial Corporation trades at the lower P/E: 7.6× against 10.1×. Cincinnati Financial Corporation grew revenue faster over the last twelve months: 19.6% against 3.41%. Cincinnati Financial Corporation has the higher net margin (23.8% vs 8.16%) and the higher return on invested capital (16.7% vs 7.69%). Both pay a dividend; CNA Financial Corporation yields more (8.30% vs 2.99%). Across the 23 metrics below, Cincinnati Financial Corporation leads on 15 and CNA Financial Corporation on 8.

Valuation

Metric CINF CNA Insurance Property & Casualty median
P/E 7.58 10.11 10.29
P/S 1.80 0.82 1.17
P/B 1.50 1.11 1.83
Price to free cash flow 7.37 5.49 7.48
EV/EBITDA 5.54 10.03 7.49
EV/Sales 1.73 1.03 1.13
Earnings yield 13.19% 9.90% 9.50%
Free cash flow yield 13.57% 18.20% 13.29%

Profitability

Metric CINF CNA Insurance Property & Casualty median
Gross margin 30.39% 43.73% 41.16%
Operating margin 30.16% 11.23% 15.09%
Net margin 23.84% 8.16% 11.51%
Free cash flow margin 24.37% 14.96% 17.59%
Return on equity 21.48% 11.32% 18.19%
Return on assets 8.11% 1.78% 3.74%
Return on invested capital 16.65% 7.69% 12.06%

Growth

Metric CINF CNA Insurance Property & Casualty median
Revenue growth (TTM) 19.55% 3.41% 8.69%
EPS growth (last fiscal year) 4.40% 33.24% —
Revenue growth, 5-year CAGR 10.88% 6.76% 9.23%
Net income growth, 5-year CAGR 14.50% 13.12% 10.09%

Health

Metric CINF CNA Insurance Property & Casualty median
Debt to equity 0.05 0.27 0.25
Current ratio 0.30 0.23 0.42
Net debt to EBITDA (0.17) 1.57 0.08

Dividend

Metric CINF CNA Insurance Property & Casualty median
Dividend yield 2.99% 8.30% 2.79%
Payout ratio 0.34 0.45 0.27

Size

Metric CINF CNA Insurance Property & Casualty median
Market cap 24.91b 12.48b 2.44b

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